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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Eric P who wrote (10528)10/31/2000 8:04:30 AM
From: Jay Baca  Read Replies (1) of 18137
 
Daytrading nasdaq futures allows you to trade with a much smaller margin, which is definetly an advantage. In the futures market the margin is basically the cost of the ticket to play. Also the nasdaq can move up or down 50 pts overnight, and that is worth $1000. ($20./pt)
Very risky if you only have $6000 - $8000.
Daytrdading the nasdaq futures can be very profitable.
It can easily make a 80pt. move in 30 - 45 minutes..
That is $1600. in 30 minutes!!
Of course you can also lose that amount just as fast..
That why you must put in your stop as soon as you initiate
the trade to limit your losses.

Jay
geocities.com
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